JPMorgan analyst Michael Rehaut upgraded TopBuild to Overweight from Neutral with a price target of $387, up from $312. Following a “strong rebound year” for building products, JPMorgan is less constructive and more selective towards the sector compared to its more positive stance on homebuilders. The firm favors new residential over remove and replace.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BLD:
- TopBuild management to meet virtually with Seaport Research
- Top builders and building products stocks for 2024, according to Deutsche Bank
- TopBuild price target raised by $68 at Deutsche Bank, here’s why
- TopBuild CEO Buck sells 4,500 common shares
- Intel upgraded, Target downgraded: Wall Street’s top analyst calls